Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2414)	11/15/2007 1:41:26 PM
From: RealMuLan	Read Replies (1) \| Respond to of 12464

[good move, although a little late, but better than never]--China to take half of BHP's ore Font Size: Decrease Increase Print Page: Print November 15, 2007 CHINA is expected to take 50 per cent of BHP Billiton's iron ore this year, compared to 20 per cent in 2002, reflecting the Asian nation's rapid economic growth. BHP Billiton (bhp.ASX:Quote,News) said it sales into China will total $5.3 billion in the second half of fiscal 2007, a significant jump from $4 billion in the first half of the financial year. This was revealed by the president of its iron ore division, Ian Ashby, at an Australia China Business Council function today. Mr Ashby said China's share of global iron ore demand would exceed 45 per cent in fiscal 2007 compared to about 8 per cent in 1996. theaustralian.news.com.au